Cablevision (CVC) Tops Q3 EPS by 7c
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Cablevision (NYSE: CVC) reports Q3 earnings of $0.33 per share, 7 cents above the consensus of $0.26. Revenues rose 5.3% to $1.84 billion, versus the consensus of $1.82 billion.
Cablevision President and CEO James L. Dolan commented: "Cablevision continued to deliver solid results in the third quarter. In addition to an increase in revenue, the company reported an impressive gain in AOCF fueled by continuing growth across all of our key businesses – cable, Rainbow and MSG. Also noteworthy in the third quarter, Cablevision generated $220 million in free cash flow, our cable business surpassed two million voice customers and Rainbow National Services’ generated a significant increase in advertising revenue of more than 18 percent."
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